Miocene Metals Limited completed its IPO on August 5, 2011 successfully raising about $5.1 million. We began trading on the TSX Venture exchange (TSX-V: MII) on August 9, 2011. The company is exploring for and developing porphyry copper-gold-molybdenum deposits within the Cascade Magmatic Arc of south-western British Columbia. The company initially acquired seven properties covering approximately 1,300 km² in what we consider to be a poorly documented and under-explored belt of prospective Miocene-age intrusive rocks in south-western British Columbia. The belt has seen little modern exploration activity as demonstrated by the recent discoveries of copper-gold mineralization on the MacKenzie property and an extensive area of porphyry-style alteration and mineralization on the Rogers Creek. Our land packaged recently was increased to about 1,400 km² on the basis of new information resulting from 2011 exploration on our MacKenzie copper-gold property.

The Cascade Arc stretches from Northern California to the Alaska Panhandle and hosts copper-gold, copper-molybdenum, and copper-molybdenum-tungsten porphyry deposits that largely formed during the Miocene geological age. The Cascade Arc shares many geological characteristics with the Miocene-age porphyry belt that stretches the length of Chile and Argentina in South America and hosts some of the world's largest porphyry copper-gold-molybdenum deposits including Chuquicamata, El Teniente and Los Bronces. This region of southern British Columbia has well-developed power, road and rail infrastructure and all properties generally are within three to four hours of tide-water.